Do you know who represents who in a Real Estate transaction? Did you know there are three kinds of agency relationships:
Seller’s agent
A “seller’s agent” represents the interests of the seller and has a fiduciary responsibility of reasonable care, loyalty, confidentiality and disclosure to the seller. A seller’s real estate professional (agent) works to assist the seller in locating a buyer and in negotiating a transaction suitable to the seller’s specific needs.
Buyer’s agent
A “buyer’s agent” represents the buyer during the home buying process. The buyer’s real estate professional (agent) has a fiduciary responsibility to represent the buyer’s best interests including reasonable care, loyalty and confidentiality.
Disclosed dual agent
A “disclosed dual agent” represents the interests of both the seller and the buyer, during the same transaction. A dual agent has responsibilities to both seller and buyer and must act in the best interests of both parties.
If you or someone you know is considering a home purchase, Me working for you is a FREE SERVICE protecting your best interest. If you call the Realtor directly off the sign, you are calling the Realtor who represents the seller.
Eunice Waller “Helping Families Since 1984!”
540-842-1061
Prudential Simpson & Associates
No comments:
Post a Comment